Iranian Energy Minister Reza Ardakanian said that the country is after boosting its renewable energies capacity, urging relevant bodies in the country to spare no efforts to this end.

Ardakanian urged ministries and relevant bodies in the country to establish necessary cooperation and coordination in line with increasing capacity of new energies in the country.

He made the remark on the sidelines of the 11th Iran International Renewable Energy, Lighting & Energy Saving Exhibition, held in Tehran Permanent International Fairground on Feb. 21-24, 2019, in the presence of private sector activists entitled “Opportunities and Challenges of Development of Renewable Energies”.

The minister pointed to the development of renewable energies in the country and added, “Boosting new energies in the country requires coordination and cooperation of Renewable Energy Organization of Iran (SUNA), ministries of Oil and Energy and other responsible organizations.”

Earlier this month, Ardakanian said that the power generation of the country has increased by 11.4 times since the victory of the Islamic Revolution in 1979.

He said that Iran has moved up 24 ranks in terms of generation of electricity in the past forty years.

According to statistics, Iran’s rank of power generation in the world promoted from 38 to 14 and presently, the Ministry of Energy is exchanging electricity with its neighbors.

He made the remarks in a press briefing held at the venue of the Ministry of Energy where he evaluated the performance of his ministry in the past forty years.

“With coordination made in this regard, a contract will be inked between Iran and Iraq for exporting electricity from the Islamic Republic of Iran to this neighboring country in a three-year plan,” added the Iranian official.

This level of cooperation will include the construction of a power plant, modernization of power plants and reduction of power grid losses in Iraq as well, he maintained.

He drew a comparison between performance of the Ministry of Energy before and after the Islamic Revolution and said, “The power capacity installed hit from 7,000 megawatts electricity in early years of the Islamic Revolution to 80,000 megawatts, showing a considerable 11.4 fold hike.

Currently, suitable power generation capacity has been paved for the private sector companies working in the field of power industry, he said and emphasized that the number of power generation companies in the country hit from 65 in early years of the Islamic Revolution to 875, showing a significant increase.

Ardakanian reiterated that giant steps have presently been taken in the sector of electricity generation in the country which is incomparable to the early years of the Islamic Revolution.

Iran is currently supplying Iraq, Afghanistan and Pakistan with electricity, CEO of Tavanir Company Mohammad Hassan Motavallizadeh said on January 04, adding that the country is poised to double the volume of its power export to neighboring countries.

CEO of Tavanir Co., in charge of development of electric power generation, said that the bulk of electricity that Iran is currently exporting to other countries is too little compared to the generated volume, adding that the country presently has the potential to double the bulk of its exports.

Motavallizadeh said that Iran is currently exporting over 1,000MW electricity to neighboring countries, noting that the major importer of Iran’s electricity is Iraq, followed by Afghanistan and Pakistan.

He maintained that only a very small amount of generated electricity is being exported, adding that Iran can increase the bulk of its electricity exports if neighboring countries would like to place an order for more imports.

According to reports, it is predicted that Iran’s export of electricity would hit $33 billion by the Iranian calendar year of 1404 (March 21, 2025- March 20, 2026).

On December 31, Pakistan’s Minister for Power Omar Ayub Khan, in a meeting with Tehran’s Ambassador to Islamabad Mehdi Honardoost, underlined his country's willingness to import more electricity from Iran.

Ayub Khan said that Pakistan is ready to hold negotiations on the renewal of the agreement on 100MW electricity import to its border province of Baluchistan.

The two sides stressed the need to continue joint efforts in the power sector on both power generation and transmission.

Honardoost, for his part, noted that Iranian companies and contractors are ready to take part in the neighboring country’s power sector.

Last year, Iran expressed readiness to provide up to 3,000 MW electricity to Pakistan.

However, according to Ayub Khan, there is a problem on Pakistan side because importing such quantity of electricity requires a robust transmission system, which requires a lot of investment.

United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the “not too distant future”.

Rare earths miner Lynas Corp (ASX: LYC) said Tuesday it intended to relocate its contentious processing plant from Malaysia to one of two preferred sites in Western Australia, where its Mt Weld mine is located.

Iran is due to offer 10,000 tons of light naphtha, 2,000 tons of heavy naphtha and large cargoes of petrochemical products to domestic buyers through its energy bourse on Sunday, in a direct sale to bypass the US unilateral sanctions.

Implementation of projects on energy consumption optimization has helped Mobarakeh Steel Company (MSC) bring down its water consumption to levels lower than the global average, said the senior manager of the MSC’s Department of Technical Services and Logistics.

Me-Metals: Behrouz Borna; member of Iran Minerals Production and Supply Company (IMPASCO) board of directors said: Regarding high attention of IMPASCO to the exploration sectors and extensive exploration operations in some parts of country, we have been able to convert Lead mine of Nakhlak which didn’t have harvestable resources before and had been changed to old Nakhlak, to young Nakhlak through exploring new resources.

ME-METALS: Middle East Mines and Mineral Industries Development Holding Company (MIDHCO) had an active presence at the 18th International Exhibition of the Environment held in Tehran International Exhibition Center on 24-27 Farvardin 1398 (13-16 Apr 2019). Various senior officials visited the exhibition and MIDHCO’s stand including Dr. Eisa Kalantari (head of EPA Iran) and Dr. Masoumeh Ebtekar (Vice President of Iran for Women & Family Affairs & former head of EPA Iran). They have been personally informed about the environmental achievements of this great holding.

Iron ore concentrate production by major Iranian companies increased 17 percent year-on-year in the year to March 2019, exceeding 45 million tons, according to Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Iran exported 4.89 million tons of steel ingots in the year to March 2019, of which 67 percent were sent to target markets in the form of billets and blooms, according to figures by the Iranian Steel Producers Association (ISPA).

Me-Metals: Behrouz Rahmati stock and investment affairs director of National Iranian Copper Industries Co. (NICICO) said: with a great deal of efforts of our colleagues in the export department of the company, the first 50000 tons export shipment of NICICO left Iran to export destinations, Saturday morning, 7 Farvardin 1398 (27 March 2019).

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